Gold prices up for second day
TEL AVIV (MarketWatch)—Gold and other precious metals rose for a second day on Friday, with analysts calling the commodity’s recent price resilience encouraging and backed by a number of factors.
Futures on the yellow metal for December delivery (CNS:GCZ2) were up $7.20, or 0.4%, to $1,733. This in the face of a stronger dollar, which normally hurts the metal because it becomes more expensive for holders of other currencies.

The dollar index, (NYE XY) benchmarking the buck against a basket of six rival currencies, was recently up 0.2% at 80.93.

“Gold prices managed to reclaim $1,730 on Thursday. The fact that gold prices rebounded quickly from last Friday’s drop is an encouraging near-term signal,” Credit Suisse analysts said in a Friday report.

Gold futures last Friday slumped more than $40 an ounce after a U.S.- government jobs report came in stronger than expected. The metal closed that day at $1,675
http://www.marketwatch.com/story/gold-prices-...2012-11-09